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Wheels in motion for solar equipment project transfer

Wheels in motion for solar equipment project transfer HCM CITY (VNS)— The deal for a project to produce solar panels in HCM City’s Dong Nam Industrial Park, Cu Chi District is expected to be finalised this year. Chris Brown, country manager for property services firm Cushman Wakefield Vietnam, said that he expected the transfer of the project, whose total registered ... Read More »

PM opens new Vinamilk factory

Prime Minister Nguyen Tan Dung on April 22 cut the ribbon to inaugurate Vietnam Dairy Products Joint Stock Company (Vinamilk)’s new powdered milk factory in the southern province of Binh Duong. Built at a cost of nearly 2 trillion VND (96 million USD), the 60,000 sq.m factory is capable of producing 54,000 tonnes of formula a year. It is expected ... Read More »

Tra fish exports to Japan, India increase

Vietnam’s tra fish exports to Japan and India are expected to increase, say seafood experts. Despite Vietnam’s modest revenue from exporting tra fish to Japan, growing imports in this market creates an opportunity for Vietnamese seafood companies to penetrate the country. At the Japan 2013 International Food and Beverage Exhibition Foodex last month, Vietnamese tra fish drew a lot of ... Read More »

Vietnam, China ink deal on farm produce trading

Vietnam’s Ministry of Industry and Trade and China’s Ministry of Commerce signed a memorandum of understanding (MOU) on farm produce trading to facilitate bilateral cooperation on April 22 in Hanoi. The signing ceremony took place within the framework of the eighth session of the Vietnam-China Joint Economic and Trade Cooperation Committee that opened on the same day. At the meeting, ... Read More »

German group supports Vietnam’s wood industry

TUV SUD PSB Vietnam, a subsidiary of Germany’s TUV SUD Group, will cooperate with Vietnam in quality management and evaluation of wood processing factories. To this effect, a cooperation agreement was signed between the company and the Ho Chi Minh City Handicraft Wood Industry Association (HAWA) on April 22. As the world’s leading technical solution provider in product testing, certification ... Read More »

HCM City’s April CPI falls slightly

Ho Chi Minh City’s consumer price index (CPI) in April was down 0.33 percent from last month, making an overall rise of 0.82 percent since the start of this year. According to the city’s Statistics Office, its April CPI was up 2.44 percent from 12 months ago, the lowest increase over the period since 2002. An increase was recorded in ... Read More »

Overly rapid growth scare businesses stiff

VietNamNet Bridge – Vietnamese businesses, which tried to obtain rapid growth at any costs have become the victims of their rapid development policy. Unlike the previous years, the businesses named in the 2012 FAST500 list (the 500 Vietnamese fastest growing enterprises) talked about their achievements in a cautious manner. Meanwhile, economists have voiced their concern about the overly hot, but ... Read More »

VN supports APEC’s efforts for trade liberalisation

Minister of Industry and Trade Vu Huy Hoang has affirmed Vietnam’s consistent policy towards regional and international economic integration at the APEC Ministerial Meeting in Surabaya , East Java, Indonesia on April 20-21. Hoang, who led the Vietnamese delegation to the event, voiced Vietnam’s support for the World Trade Organisation and the resolve to soon conclude the Doha talks. The ... Read More »

Powering islands to develop sea-based economy

Authorities of the southern province of Kien Giang are speeding up efforts to connect the island districts of Phu Quoc and Kien Hai with the national power grid to fuel local development under the national strategy on sea and island economic development by 2020. The two island districts, part of the UNESCO-recognised Kien Giang Biosphere Reserve, boast a great potential ... Read More »

Binh Dinh works to increase foreign investment

The central coastal province of Binh Dinh has recently welcomed a Russian-invested bus assembly project capitalising at 1 billion USD in the Binh Dinh Economic Zone, attributing it to the authorities’ active investment promotion programmes conducted in and outside the country. The project, invested by Russia’s Buscenter Met Co., Ltd, will see the construction of a factory to manufacture and ... Read More »